social security contributions
Social security contributions refer to a specific amount of money deducted from an individual's wages or income, usually by their employer, to fund various government-run social security programs. These contributions ensure financial support for retirement benefits, healthcare, unemployment benefits, and other forms of social assistance.
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Related Concepts (16)
- disability insurance contributions
- employee benefits
- employment taxes
- government revenue
- medicare taxes
- national insurance
- payroll taxes
- pension contributions
- self-employment taxes
- social insurance
- social security deductions
- social security rates
- social security withholdings
- taxable wages for social security
- unemployment insurance contributions
- wage base for social security contributions
Similar Concepts
- social security
- social security administration
- social security administration services
- social security benefits
- social security disability benefits
- social security eligibility
- social security income (ssi)
- social security payroll tax
- social security programs
- social security retirement credits
- social security tax
- social security taxation
- social security taxes
- social security trust fund
- workers' earnings and contributions